Bank of Spain “Discovers” €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated (via Market Shadows)

Courtesy of Mish. Via translation, El Economista reports the Bank of Spain Discovers €20.50 Billion Hidden Delinquencies. Emphasis on the word “discovers” not added. Non-performing loans of Spanish banks to the end of September totaled €92.224…